Technical Analysis for October 25: Major Cryptocurrencies Tightening the Squeeze

In our review for October 25, we examine how the top-cryptocurrencies are behaving with respect to key support and resistance levels, volume dynamics, and potential scenarios. The assets under scrutiny include Bitcoin (BTC), Ethereum (ETH), BNB, XRP, Solana (SOL), Dogecoin (DOGE), Cardano (ADA), HYPE, Chainlink (LINK) and Stellar (XLM). Our aim is to provide a comprehensive snapshot of where things stand, what to watch next, and what could unfold depending on which side (bears or bulls) gains the upper hand.

Bitcoin (BTC)

BTC is attempting to reclaim upward momentum but the bears remain stubbornly active around the $\$112,000$ zone. Analysts at Bitfinex note that the 18.1% correction from peak to trough this month is consistent with previous cycle tops since 2023—suggesting accumulation rather than an immediate trend reversal. 
According to Mike Novogratz (CEO of Galaxy Digital), BTC needs to hold around the $\$100,000$ level; he forecasts a trading range of roughly $\$100,000$ to $\$125,000$ until a breakout occurs. 
Key levels to watch:

• Support: $\$107,000$ — if broken, risk of deeper pullback toward $\$100,000$ or even $\$87,801$ under a double-top scenario.

• Resistance: clearance above the moving averages would open up the historical high near $\$126,199$.
  Implication: The market is in a delicate accumulation phase: bulls need a breakout above resistance to resume uptrend, while bears might succeed in pushing toward stronger correction if support fails.

Ethereum (ETH)

ETH has bounced from the lower boundary of its descending channel but is facing selling pressure at the 20-day EMA (~$4,023).

If the bulls can push above that EMA, it would signal waning selling pressure and could open a move toward the 50-day SMA. Conversely, failure to clear the EMA could leave ETH vulnerable to a drop toward $3,435, or further down to $3,350. 
Implication: ETH remains in a consolidation/weak trend phase. A breakout above the short-term EMA could offer the next directional cue; otherwise risk remains for a deeper slide.

BNB

BNB rebounded from its 50-day SMA (~$1,051) but is encountering resistance at the 38.2% Fibonacci retracement level (~$1,156).

If bulls fail to clear $1,120 (near the 20-day EMA), there’s a risk of a slide toward $1,021 (and possibly $1,000). On the upside, a break above $1,156 opens the door toward $1,239 (61.8% Fibonacci). 
Implication: BNB is in a tug-of-war between recovery attempts and renewed bearish pressure. A breakout would favour bulls; otherwise a deeper correction may begin.

XRP

XRP is currently testing the 20-day EMA (~$2.52), which is being defended strongly by the bears.

If XRP can close above the EMA, the path opens toward $2.69 and then the upper trendline. If it fails, it may continue to drift lower within the channel. 
Implication: Watch for either a breakout above the EMA (bullish signal) or renewed bearish rejection (potential sideways or lower movement).

Solana (SOL)

SOL recently reached its EMA20 (~$196), a key short-term resistance zone.

If bulls break past that level, SOL could jump toward $238, even $260. But if rejected here, the price may return to support. 
Implication: SOL is at a decision point—either launching upward if momentum builds, or stalling if bears re-assert control.

Dogecoin (DOGE)

DOGE remains stuck beneath $0.21, though the bears have not managed to push it decisively below $0.18.

If bulls regain control and clear $0.21, the next target lies around $0.23 (50-day SMA) and potentially $0.29. If bears dominate and push below $0.18, downside risk could reach $0.16 or even $0.14. 
Implication: DOGE is range-bound within a low volatility environment; a breakout either way could give the next leg of movement.

Cardano (ADA)

ADA rebounded from the $0.60 support level, showing bulls are actively defending.

Resistance sits at the EMA20 (~$0.69); if bulls push through that, the next target is the 50-day SMA (~$0.79) and possibly the descending trendline. If ADA fails to break upward, there’s a risk of dropping toward $0.50. 
Implication: ADA is in a cautious recovery posture; traders should look for confirmation of trend reversal or risk a deeper retreat.

HYPE

HYPE has bounced from $35.50, indicating buying interest at lower levels.

If bulls can force its way above the EMA20 (~$40.02), the move could extend toward the 50-day SMA (~$46.18). Conversely, failure could lead to a breakdown toward $30.50. 
Implication: HYPE is showing potential for an upward move, but the breakout remains to be confirmed.

Chainlink (LINK)

LINK responded positively at its support line but is facing resistance at the EMA20 (~$18.73).

If bulls manage a close above that EMA, LINK could target $23.73 and maybe $25.64. If rejected, the downside risk is to $15.43. 
Implication: LINK remains in a falling channel; a breakout could mark a trend change, else more downside may unfold.

Stellar (XLM)

XLM is attempting a rebound around $0.32, but the EMA20 (~$0.33) is acting as resistance.

If the bulls overcome the EMA and break the downward trendline, that would signal strength. If they don’t, the bears may force a drop toward $0.29 and possibly $0.25. 
Implication: XLM remains in a cautious recovery process; the EMA20 is the immediate hurdle.

Summary & Outlook

Across the ten major cryptocurrencies analyzed, the common theme is: tight consolidation and a latent potential for either breakout or breakdown. Many of them are at or near respected support/resistance zones (moving averages, trendlines, Fibonacci levels). The market appears to be accumulating rather than easily trending at the moment—suggesting that a decisive second leg upward may require a clear catalyst.

Key takeaways:

• Bulls need to push through the short-term resistances (often 20-day EMA or similar) to regain momentum.

• Bears retain the ability to force a deeper correction if support levels give way.

• This environment favours traders who place themselves just beyond key breakout or breakdown levels, with tight risk controls.

• Given the accumulation tone, the next major move may be significant—but which direction remains uncertain until triggers emerge.

Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Cryptocurrency trading involves high risk; please conduct your own research and consider your risk tolerance before acting.

Feel free to ask if you’d like a deeper breakdown of any particular asset (e.g., ADA, SOL) or an updated view including volume/market-sentiment indicators.

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